MKMOKAMU'M    OF    AGREEMENT 

I;I-:T\YKF,.\  THK 


CINCINNATI  SOUTHERN  R^  LWAY 


The  Cincinnati  Railroad  Company, 


MEMORANDUM  OF  AGREEMENT 

BETWEEN.  THE 

Trustees  of  the  Cincinnati  Sbuthenj  Railway, 

AND  THE 

THE  CINCINNATI  RAILROAD  COMPANY. 


WHEREAS,  The  said  Trustees  have  completed  that  portion 
of  the  Cincinnati  Southern  Railway  lying  between  Cincin- 
nati and  Somerset,  with  an  inclined  plane  at  Ludlow  reach- 
ing to  the  Ohio  river,  and  a  line  of  telegraph  between  the 
same  places,  and 

WHEREAS,  Said  Trustees  have  power,  by  virtue  of  the  act 
under  which  they  are  appointed,  to  rent  or  lease  the  right 
to  use  and  operate  such  portions  of  said  Railway  as  may  be 
completed,  upon  such  terms  as  they  may  deem  best,  and 

WHEREAS,  Said  Trustees  deem  it  their  trust  duty  and  the 
interest  of  Cincinnati  to  provide  for  the  travel  and  traffic 
arising  along  the  completed  portion  of  said  Railway,  and 
from  its  connections,  it  is  agreed  as  follows : 

ARTICLE  I. 

That  said  Trustees,  for  the  consideration  hereinafter  sta- 
ted, hereby  give  and  grant  to  the  said  Company  a  deter- 
minable  license,  with  the  rights,  following,,  viz  : 

I.  To  pass  and  repass,  and  have  full  and  free  ingress,. 
egress  and  regress,  with  its  engines,  cars,  officers,  agents 
and  servants,  to,  over,  upon  and  along  the  main  and  side 
tracks,  turn-outs,  switches,  turntables,  water  and  fuel  sta- 
tions, and  all  other  conveniences,  and  into  and  out  of  the 
grounds,  depots,  stations,  stables,  shops,  and  other  appen- 
dages, of  said  portion  of  said  Railway. 


2.  To  use  the  line  of  telegraph  as  now  constructed  be- 
tween the  aforesaid  points,  and  the  offices,  batteries,  instru- 
ments,  and  other  conveniences  connected  therewith,   for 
commercial  and  railway  business,  but  subject  to  the  right 
of  said  Trustees,  their  officers  and  agents,   to  have   their 
official  messages  sent. over  the  same  free  of  charge,  which 
the  said  Company  agrees  to  do. 

3.  To  stretch  and  maintain  additional  wires  on  the  posts 
erected  along  said  line,  between  said  points,  and  to  estab- 
lish new  offices  and  facilities  for  the  business  passing  over 
the  same. 

But  all  the  foregoing  rights  shall  be  subject  to  the  follow- 
ing rules  and  regulations: 

1.  The  said  portion  of  said  railway  shall  be  operated, 
and  the  locomotives,  cars  and  trains  thereon  run  under  the 
direction  of  a  General  Manager,  to  be  appointed  by  said 
Company,  subject  to  the  approval  of  said  Trustees,  and  re- 
movable by  the  concurrent  action  of  said  Trustees  and  said 
Company,  or  by  decision  of  arbritrators  as  hereinafter  pro- 
vided     Said    General   Manager  shall  from  time   to  time 
establish  such  uniform  rules  and  regulations  for  the  passage 
of  locomotives,  cars  and  trains,  and  the  use  of  grounds, 
depots  and  other  appendages,  as  will  tend  to  the  most  effi- 
cient working  of  said  portion  of  said  railway  for  all  purpo- 
ses, giving  preference  however,  to  travel  and  traffic  over 
construction,  supply  and  repair  trains,  except  in  cases  of 
emergency;  provided,  that  such  rules  and  regulations  shall 
at  all  times  be  subject  to  the  approval  of  said  Company 
and  s:iid  Trustees  ;  and  if  they  cannot  agree  as  to  the  rules 
and  regulations  so  to  be  established,  the  subject  matter  of 
difference  shall  be  subject  to  arbitration  as  hereinafter  pro- 
vided. 

2.  The  railway  business  shall  in  all  cases  have  prefer- 
ence over  all  other  business  on  the  wire  provided  by  said 
Trubtees. 


ARTICLE  II. 

Said  Trustees  shall  during  the  existence  of  this  license, 
furnish  to  said  Company  a  sufficient  supply  of  water.  All 
other  railway  supplies,  including  the  books  of  account  and 
forms  hereinafter  required  to  be  used,  which  may  be  neces- 
sary to  do  the  business  of  said  portion  of  said  railway 
promptly,  shall  be  purchased,  upon  requisitions  certified 
to  by  said  General  Manager,  by  the  Company  through  a 
Purchasing  Agent  to  be  appointed  by  said  Company  subject 
to  the  approval  of  said  Trustees,  and  removable  by  the  con- 
current action  of  said  Trustees,  and  said  Company  or  by 
decision  of  arbitrators  as  hereinafter  provided. 

ARTICLE  III. 

Said  Trustees  shall  keep  and  maintain  said  portion  of  said 
railway  in  good  order  and  repair  for  the  business  likely  to 
arise  along  the  line  of  the  same  during  the  existence  of  this 
license,  and  provide  such  temporary  depots,  platforms, 
engine  and  station  houses,  repair  shops  and  other  facilities 
as  may  be  necessary  or  may  become  necessary  for  said  busi- 
ness, as  soon  as  it  can  be  conveniently  done,  with  the 
means  at  their  command  ;  and  said  Company  shall  furnish 
to  said  Trustees,  at  cost,  fuel,  and  such  other  railway  sup- 
plies, as  said  Company  may  have,  and  shall  at  like  cost  to 
said  Company,  make  such  repairs  of  said  Trustees'  engines 
and  rolling  stock,  as  the  means  at  command  of  said  Com- 
pany will  allow. 

ARTICLE  IV. 

No  other  license  for  traffic  or  travel  over  said  portion  of 
said  Railway  shall  be  granted  to  any  other  persons  or  com- 
pany, to  take  effect  during  the  existence  of  the  foregoing 
license,  but  the  same  shall  be  exclusive  as  to  traffic  and  travel, 
and  shall  continue,  until  six  months  after  the  completion  of 
the  whole  line  of  the  Cincinnati  Southern  Railway,  and  the 
lease  thereof  for  a  term  of  years  to  said  Company  or  other 


parties,  or  a  sale  thereof  when  the  same  shall  terminate  ; 
but  said  Trustees  shall  have  the  right  at  any  time  after  eight- 
een months  fiom  the  date  hereof  to  terminate  this  license 
upon  serving  written  notice  of  their  intention  so  to  do  at 
the  principal  office  of  said  Company  six  months  before  the: 
day  fixed  in  said  notice  for  the  termination  thereof. 

ARTICLE  V. 

Said  company  shall  as  and  when  directed  by  the  Trus- 
tees, furnish  in  good  order  and  keep  in  repair,  sufficient 
locomotives  and  other  rolling  stock  to  ran  daily,  (Sundays 
excepted),  such  trains  as  will  do  the  business  of  said  por- 
tion of  said  Railway,  and  shall  run  the  same  with  its  own 
agents.  The  number  of  locomotives  and  amount  of  such 
rolling  stock  to-  be  furnished  from  time  to*  time  and  the  cost 
of  the  same  shall  be  subject  to  the  approval  of  said  Trustees> 
No  locomotive  or  other  rolling  stock  shall  be  run  by  it 
thereon  that  is  not  in  good  order  and- repair,  and  any  such 
rolling  stock  not  in  good  order  or  repair  so  run  on  the  same 
nnd  not  removed  therefrom  after  reasonable  notice,  shall 
be  liable  to  be  treated  as  damage  feasant,  but  nothing  here- 
in shall  be  construed"  into-  a  duty  upon  the  part-  of  said 
Trustees  to  ejtercise  their  right. 

ARTICLE  VL 

Said  company  shall,  during  the  continuance  of  this  li< 
cense,  do  every  act  and  thing  that  may  be  by  law  required 
of  or  be  obligatory  upon  it  or.  said  Trustees,  in  respect  to1 
the  operation  and  use  of  said  portion  of  said  railway  by  saicf 
Company,  fnchrding  the  keeping  and  rendition  of  all  ac- 
counts and  reports  that  s-hall  be  by  law  required,  either 
making  and  returning  the  same  to  the  proper  authorities, 
or  furnishing  all  the  data  in  its  possession  to  enable  the  said 
Trustees  to  make  the  same,  and  in  all:cases,  as  the  law  may 
require. 


ARTICLE  VII. 

A  tariff  for  freight  and  passengers,  and  the  number,  wa- 
ges and  salaries  of  the  officers  and  employes  of  said  Com- 
pany shall  be  fixed  by  said  Company  subject  to  the  appro- 
val of  said  Trustees,  and  may  be  changed  from  time  to  time 
by  agreement,  and  in  case  of  difference  the  matter  in  dis- 
pute shall  be  referred  to  arbitration  as  hereinafter  provided. 
No  pass  or  permission  to  travel  free  on  said  Railway  shall 
be  granted  to  any  person  without  the  sanction  of  said  Trus- 
tees, nor  shall  any  contract  be  entered  into  with  any  Fast 
Freight  or  other  Company,  the  effect  of  which  will  be  to 
diminish  the  gross  receipts  or  mileage  properly  due  and 
proportionally  earned  for  passing  over  said  Railway.  And 
said  Company  shall  not  discriminate  against  the  citizens  of 
Cincinnati  in  carrying  freights  or  passengers  from  other  rail- 
roads, but  shall  charge  and  receive  only  the  same  and  no 
more  for  the  same  services  in  transporting  to  and  from  said 
city,  freight  and  passengers  going  to  or  coming  from  one 
of  said  roads,  that  is  charged  or  received  from  those  going 
to  or  coming  from  any  other  of  said  roads,  and  no  officer 
of  any  Fast  Freight  or  Express  Company,  or  competing 
or  connecting  Railroad  Company  shall  be  a  Director  or 
officer  of  said  Company. 

ARTICLE  VIII. 

Said  Company  shall  keep  regular  books  of  account  in 
the  most  approved  form  for  railway  accounts,  and  use  all 
the  most  approved  forms  for  the  freight  and  passenger  busi- 
ness upon  said  portion  of  said  Railway,  and  the  business  of 
said  telegraph  line  done  under  this  license,  and  shall  render 
within  the  first  twenty  days  of  each  month,  monthly  state- 
ments to  said  Trustees,  showing  the  entire  earnings  and 
the  receipts  and  disbursements  of  said  Compan}'  under  this 
license ;  and  the  said  Trustees,  by  themselves  or  agents, 
shall  have  free  access  to  all  the  books  and  freight  and  pas- 
sage lists,  and  other  writings  appertaining  to  the  business 


done  un'der  this  license,  and  may,  at  their  own  cost,  put 
their  agents  on  any  and  all  trains,  or  in  any  office,  depot 
or  place,  to  test  the  correctness  of  all  accounts. 

ARTICLE  IX. 

The  entire  gross  receipts  under  this  license  shall  be  paid 
by  said  company  daily  into  such  bank  or  banks  as  said 
Trustees  shall  from  time  to  time  designate  as  depositories 
to  the  credit  of  the  Operating  Department  of  said  Company, 
out  of  which,  said  Company  shall  allow  and  pay  as  follows, 
upon  vouchers  approved  by  said  General  Manager. 

1.  Such  amounts  as  are  or  may  be  necessary  to  pay  the 
current  operating  expenses  and  charges  including  the  wa- 
ges and  salaries  of  the  officers  and  employes  of  said  Com- 
pany, and  the  salary  of  said  General  Manager. 

2.  All    damages,    or    liabilities    and    other   expenses, 
including  taxes  incurred  and  paid  by  said  Company  on  its 
capital  and  personal  property  used  in  operating  said  rail- 
way. 

3.  Monthly  to  said  Company  out  of  the  gross  receipts 
such  sum  as  shall  amount  to  the  rate  of  seven  per  centum 
per  annum  on  its  paid  up  cash  capital  from  the  date  ot 
payment  in,  provided,  that  the  amount  of  said  paid  up 
cash  capital   shall  not   be  increased  beyond    the  sum   of 
three    hundred  thousand  ($300,000)  dollars,   without  the 
consent  of  the  Trustees,  provided,  the  Company  assumes 
and  binds  itself  to  increase  its  capital  stock  to  not  exceeding 
one  million  ($1,000,000)  dollars,  if  in  the  judgment  of  the 
Trustees  of  the  Cincinnati  Southern  Railway,  the  business 
of  the  road  should  require  it.   The  balance  of  said  earnings 
shall    be  paid   to  said  Trustees  monthly  within  the    first 
twenty  days    of  each  month,   to    fulfill  their   obligations 
under  this  agreement  and  as  and  for  rent. 


ARTICLE  X. 

At  the  expiration  of  said  license  or  other  termination  of 
the  same,  as  hereinbefore  provided,  said  Trustees  shall 
provide  for  the  reimbursement  of  the  said  Company's  out- 
lay and  liability,  as  follows  : 

The  persons  or  Company  taking  said  lease  as  herein- 
before provided,  or  otherwise  succeeding  said  Company  in 
its  operation  of  said  Railway,  shall  take  all  the  engines 
and  other  rolling  stock  and  personal  property  of  said  Com- 
pany used  in  operating  said  Railway,  and  shall  return  and 
pay  to  said  Company  therefor  an  amount  of  money,  which, 
together  with  interest  thereon  previously  received  by  it, 
shall  be  equal  to  its  cash  capital  actually  paid  in  and  used 
by  said  Company  in  operating  said  Railway,  with  interest 
thereon  at  seven  per  centum  per  annum  from  the  date  of 
payment  in. 

Said  persons  or  Company  shall  likewise  assume  all  such 
time  contracts  for  the  carriage  of  freight  and  passengers, 
or  other  contracts  of  a  like  nature,  as  may  have  been  sanc- 
tioned by  said  Trustees  ;  and  also  all  outstanding  or  con- 
tingent liabilities  of  every  kind,  incurred  by  said  Company 
in  operating  said  Railway  under  this  license.  Said  persons 
or  Company  shall  also  save  and  hold  said  Company  harm- 
less under  and  against  said  contracts  and  liabilities  by  a 
good  and  sufficient  bond  of  indemnity  ;  and  in  case  a  dis- 
pute shall  arise  under  this  article,  between  said  Company 
and  the  persons  or  Company  taking  a  lease  of  said  Rail 
way,  or  otherwise  succeeding  said  Company  in  its  opera- 
tion of  the  same,  in  regard  to  the  goodness  or  sufficiency 
of  said  bond  of  indemnity  or  otherwise,  said  dispute  shall 
be  determined  by  a  majority  of  arbitrators,  who  shall  be 
chosen  by  the  said  parties,  and  shall  meet  and  proceed  in 
the  manner  hereinafter  provided  in  Article  Twelfth,  and 
their  determination  shall  be  final  between  the  said  parties 
who  shall  abide  by  the  same.  Arsd  it  is  understood  and 
declared  by  the  parties  hereto,  that  the  true  intent  of  this 


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agreement  is  to  return  without  any  deduction  whatever, 
to  said  Company  the  amount  of  cash  actually  paid  in  by 
its  stock-holders,  and  used  in  operating  said  Railway, 
together  with  seven  per  centum  per  annum  from  the  date  of 
payment  in,  and  to  discharge  said  Company  from  and 
indemnify  it  against  all  the  contracts  and  liabilities  afore- 
said ;  and  this  license  shall  continue  and  the  right  to  operate 
sai  1  Railway  under  it,  shall  in  no  event  cease,  until  the 
provisions  of  this  Article  are  fully  complied  with,  any- 
thing in  this  agreement  to  the  contrary,  notwithstanding. 

ARTICLE  XI. 

In  case  said  Company  shall  at  any  time  or  times  during 
this  license  fail  to  pay  to  said  Trustees  the  monthly  balance 
of  the  earnings  due  them  under  this  License,  as  provided 
in  the  Ninth  Article  hereof  for  the  period  often  days,  or 
shall  willfully  fail  or  omit  to  keep  and  perform  any  other 
of  the  stipulations  hereof,  on  its  part  to  be  kept  and  per- 
formed for  the  period  of  thirty  days,  then,  said  Trustees 
or  their  assigns  shall  have  the  right  to  take  possession  of 
the  engines,  cars  and  other  rolling  stock  and  personal 
property  of  said  company  used  in  operating  said  railway, 
on  repaying  to  said  company  a  sum  equal  to  its  actual 
cash  outlay  with  interest  thereon  at  the  rate  of  seven  per 
cent  per  annum  from  date  of  payment  in  to  the  date  of 
taking  possession  of  said  property  by  said  Trustees,  or 
their  assigns,  and  on  assuming  the  contracts  and  liabilities 
of  said  Company,  and  indemnifying  it  as  provided  in 
Article  Tenth  hereof.  Provided  that  before  said  right  of 
forfeiture  and  taking  possession  shall  be  exercised,  the 
same  shall  be  ascertained  and  determined  by  arbitrators 
as  hereinafter  provided,  unless  such  determination  shall  be 
prevented  by  the  act  of  said  Company. 


ARTICLE  XII. 

It  is  also  agreed  that  all  questions  of  difference  arising 
between  the  parties  hereto  in  relation  to  the  true  construc- 
tion of  this  agreement  or  otherwise  in  reference  to  the 
rights  of  the  parties  under  the  same,  shall  upon  the  written 
demand  of  either  party,  be  submitted  to  the  arbitration 
of  three  disinterested  arbitrators,  two  .of  whom  shall  be 
experienced  railway  managers,  to  be  selected  as  follows  ; 
one  by  each  party,  and  the  third  by  the  two  so  chosen  ; 
but  if  either  party  shall  fail  to  appoint  an  arbitrator  on  its 
or  their  part  within  ten  days  after  written  notice  of  the 
selection  of  one  by  the  other  party,  then  the  arbitrator 
selected  by  the  party  giving  notice  shall  select  a  second, 
and  the  two  thus  chosen  shall  choose  the  third,  and  the 
award  of  said  arbitrators,  or  a  majority  of  them  thus 
selected,  shall  be  final  and  conclusive  between  the  parties 
hereto.  The  said  arbitrators  shall  meet  at  Cincinnati, 
and,  on  notice  to  the  parties,  proceed  without  being 
sworn  to  hear  and  determine  the  controversy ;  and  if  it 
relates  to  the  manner  of  using  said  portion  of  said  Railway, 
or  the  rules  and  regulations  hereinbefore  provided  for,  or 
the  tariff  for  freight  or  passengers,  or  the  number,  wages 
or  salaries  of  the  officers  or  employes  of  said  Company,  or 
the  remcval  of  said  General  Manager,  or  said  Purchasing 
Agent,  said  arbitrators  shall  have  power  to  award  and 
determine  the  manner  of  such  use,  and  the  proper  rules 
and  regulations  to  be  observed,  the  proper  tariff  to  be 
fixed,  or  the  number,  wages  or  salaries  of  the  officers  or 
employes  of  said  Company,  and  to  remove  said  General 
Manager,  or  said  Purshasing  Agent,  and  to  direct  either 
party  to  do  all  such  acts  as  may  be  necessary  or  expedient 
to  carry  their  award  into  effect;  and  they  shall  also  have 
the  power  to  award  and  determine  that  there  has  been  a 
forfeiture  of  this  license  as  provided  for  in  Article  Eleventh, 
and  if  they  shall  so  adjudge  and  award,  they,  or  the 
majority  concurring  in  such  award  shall  have  power,  and 


10 

the  said  Company  does  hereby  irrevocably  appoint  them  or 
a  majority  of  them  concurring,  as  its  attorneys  in  fact,  with 
authority  and  in  the  name  and  in  behalf  of  said  Company,  to 
execute  and  deliver  to  said  Trustees  a  surrender  of  this  li- 
cense and  all  rights  under  the  same,  and  likewise  to  deliver 
to  said  Trustees,  or  their  assigns  the  engines,  rolling  stock 
and  personal  property  of  said  Company  used  in  operating 
said  Railway,  upon  payment  for  the  same,  and  on  being 
discharged  from  and  indemnified  against  contracts  and 
liabilities  as  provided  in  Articles  Tenth  and  Eleventh  ;  and 
the  arbitrators  shall  have  power  to  determine  the  costs 
to  be  paid  and  which  party  shall  pay  them.  And  it  shall 
be  a  good  and  complete  bar  to  any  action  at  law,  or  suit  in 
equity  founded  on  any  matter,  which  by  the  provisions  of 
this  contract  might  have  been  submitted  to  such  arbi- 
tration, that  no  demand  for  the  same  had  been  made ;  or 
that  the  same  had  been  submitted  to  arbitration  under 
this  agreement,  and  that  said  arbitration  was  still  pending ; 
or  that  an  award  had  been  made  and  performed. 

ARTICLE    XIII. 

And  each  of  said  parties  covenants  with  the  other  that 
it  will  keep  and  perform  all  the  stipulations  of  this  agree- 
ment to  be  by  it  or  them  kept  and  performed  and  that 
they  will  not  evade  or  violate  the  same,  and  particularly 
that  said  Company  will,  upon  the  expiration  or  other 
termination  of  this  License  deliver  its  engines  and  other 
rolling  stock  and  property  to  the  persons  or  Company 
taking  a  lease  of  the  whole  line  of  said  railway  after  the 
completion  of  the  same,  as  hereinbefore  provided,  and  that 
in  case  of  a  refusal  so  to  do,  and  in  case  of  a  termination 
of  this  license  through  the  willful  default  of  said  Company 
as  herein  provided,  it  will  deliver  to  said  Trustees  its  said 
engines  and  other  rolling  stock  and  personal  property 
used  in  operating  said  railway,  upon  payment  for  the  same 
and  on  being  discharged  from  and  indemnified  against 


11 

contracts,  and  liabilities  as  provided  in  Articles  Tenth  and 
Eleventh,  and  will  not  attempt  to  'interfere  with  or  inter- 
rupt the  use  of  the  same  by  other  licensees  or  lessees  of, 
or  by  said  Trustees. 

ARTICLE  XIV. 

The  said  Trustees  hereby  agree  to  extend  the  foregoing 
license  to  such  other  portions  of  said  railway  and  telegraph, 
as  they  may  complete  out  their  own  funds  upon  condition- 
that  all  the  stipulations  and  covenants  of  this  agreement 
shall  apply  with  equal  force  and  effect  to  said  extension. 

ARTICLE  XV. 

Said  Trustees  shall  allow  and  hereby  grant  the  said 
Company  the  use  of  two  of  their  engines  and  forty  of  their 
flat  cars,  to  be  hereafter  designated,  until  the  said  Trustees 
shall  need  the  same,  and  said  Company  accepts  the  same 
on  the  following  terms  :  That  it  will  keep  and  return  the 
same  upon  request,  in  as  good  order  and  repair  as  the 
same  may  be  when  delivered  to  it,  natural  wear  and  tear 
excepted. 

ARTICLE  XVI. 

And  Whereas  the  said  Trustees  by  a  certain  memo- 
randum of  agreement  made  between  them  and  the  Cincin- 
nati Southern  Railway  Company,  dated  on  the  3d  day  ol 
July,  A.  D.  1877,  to  which  reference  is  hereby  made  for 
the  terms  and  conditions  of  the  same,  granted  to  said  rail- 
way Company,  a  determinable  license  with  the  rights 
therein  stated,  among  which  is  that  said  Trustees,  upon 
the  expiration  of  said  license  or  other  termination  of  the 
same,  should  provide  for  the  reimbursement  of  said  Com- 
pany's outlay  as  in  the  sixth  article  of  said  agreement  is 
provided.  Now  the  said  The  Cincinnati  Railroad 
Company,  as  the  successor  of  the  Cincinnati  Southern 


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Railway  Company,  hereby  undertakes  and  agrees  to  carry 
out,  fulfill  and  observe  all  the  obligations  of  the  said  Trus- 
tees as  in  said  sixth  article  provided,  and  to  submit  to 
arbitration  any  dispute  arising  out  of  said  article  as  pro- 
vided by  the  seventh  article  of  said  agreement. 

IN  WITNESS  WHEREOF,  The  said  The  Cincinnati 
Railroad  Company  has  caused  its  Corporate  Seal  and  the 
signature  of  its  President  to  be  hereunto  affixed  ;  and  the 
said  Trustees  have  caused  A.  H.  Bugher,  President  pro 
tempore  of  the  Board,  to  sign  this  agreement  in  triplicate 
on  their  behalf  as  such  board,  and  not  individually,  on  the 
nineteenth  day  of  May,  A.  D.  1879. 

THE  CINCINNATI  RAILROAD  COMPANY, 
{SEAL.]  By  W.  J.  LIPPINCOTT,  President. 

Attest:  JACOB  WIRTH,  Secretary. 

THE  BOARD  OF  TRUSTEES  OF  THE 
.CINCINNATI  SOUTHERN  RAILWAY, 

By  A.  H.  BUGHER,  President  pro  tern. 

Executed  in  triplicate  by  A.  H.  Bugher, 
President  pro  tempore,  in  presence  of 

H.  H.  TATEM,  Secretary. 


